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Common questions about Corporate Controlled Group (Schedule O) in ProConnect Tax

by Intuit• Updated 8 months ago

Carry and calculate apportionable amounts to and for the tax return?

Go to Input Return ⮕ Ownership Information ⮕ Controlled Groups (Schedule O)
Select the Carry Apportionable Amounts to Tax Return checkbox.

The program carries apportionable amounts to the member whose entry in ID Number matches the entry in Federal ID Number in the Client Information screen..

Generate a controlled group allocation and consent form?

Go to Input Return ⮕ Ownership Information ⮕ Controlled Groups (Schedule O)
Select Member in the top-right of the input screen.
Enter information in the General Information and Apportionment Amounts sections.
Repeat steps 2 and 3 for each member

ProConnect Tax

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